The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-12-13
THE B. Q. CHANGES.
THOMAS NJ. Kings RESIGNATION

OF tho Second Woo PrssIdency-why lie
W,thdrsw-Ths Inside Troubles OF tho
Management, Showing that a Broth.
i orly Feeliug Did Not E1lst.
BALTIMORE. MD., D,c. l2.-Next In i'm.
portance to the election OF Mr.. Samuel
Spencer President OF the Baltimore 4 Ohio
Railroad Company, which took place Sat.
urday, is the resignation OF Thomas NJ.
King as Second Yice.Preslden! OF tho
road. In connection with Mr.. Kings
resignation there Is an interesting story:
It is authoritatlvely stated that he with.
drew because he had been informed that
harmonious relations could not exiat be.
tween himself and the powers that be. In
his letter OF resignation he gives history
Of his connection with the road and
makes public many things associated with
the company'a embarrassments not hith.
erto published. Ee showa that as far
back as 1885, when Robert Garrett was
elected President the frat time, the Presi-
dent informed him that tho com pany VI a
in need Of additional funds to carry n
its affairs, and that he (King) aud
General Counsel Cowen negotiat, d
the Pittsburgh division loan. In
securing this loan, he says they were
greatly antagonlzsd by New Yorkers. Mr.,
King says when he took charge OF tho
Philadelphia extension the Baltimore &
Ohio had no contract with the Reading,
which line 1t was intended to use to New
York. The charter the SChuylkill
River East Side Railroad, over which
| they must depend for Philadelphia en-,
trance, was vested in the Resdlng, and
ior this largo sum was asked Of the
Baltimore & Ohio. He intimstes that this
was an objectionable piece OF stupidity,
spending millions of money in the con.
struction Of line without any definite
arrangement for gettingit into Philadel-
phia, or through to New York. He finally
corrected the trouble by obtaining the
East Side road charter for S64, ,175, and
valuable contract with the Reading COM
pany. >.
i INTERESTING STATEMENTS.
Mr.. King then states without reserva-
tlon, the exact cost Of constructing tho
Philadelphia line which has always been
mooted qusstion among outsiders. The
total cost, including the East Side rail-
road, up to September. 80, 1887, was Sl4,.
1907. The loans placed upon this
property amount to $l6 ITO 600 There is,
therefore, remainder Of $l,92o OSS from
these loans. OF this amount $S25, 900 will
be required to double track twcuty-fyo
miles between Philadelphia and Bal;i-
more to complete tho PhiladelpEis paa-
ssnger station and the terminal facilities
contemplated on the Delaware river. Tho
remainder he thinks ample to pay. all nd
justed rights Of way. During the past three
years Mr.. Kingha assisted in negotiating
loans aggrega!ing $l9,50O.000 Then comes
the following paragraph: at is proper for
me to here refer to harsh and uniavorable
crlticism which has been made regarding
my connection with the Ives.Sully nego-
tiation. Robert Garrett, as on individual
end nearly all the leading Baltimore stock
holdera entered into On agreement to sell
their individual holdings. Tho transac.
ton was in their private capacity and no
Official connection was held by the COM
pany or it's officers. As a personal friend
OF Robert Garrett l had a knowledge of
the negotiations, but not until they made
considerable progress. Tho only subse-
|quent negotiations have had in the con-
nection with the financial sfIslrs Of the
company was in July Last, whom large
eam OF money was raised by me in New
York and Pittsburgh to tide over dan
gsrous period. This money saved tho
company from disaster at the time" !.
Mr.. King has forwarded to tho relpsct-
I've boards his reaignation as president OF
the schuylkill RIVER East Side Railroad
Company, Sharpvlllo Railroad Com pany,
Salisbury Railroad Company, Fairmont,
Morgantown & Pittsburgh Railroad Com.
pany, and Wheeling, Pittsburgh & Bal
timore Railroad Company, and ga man.
aging director Of the Staten Island Rapid .
Traneit Railroad Company.
CONCERNING MR.. SPENCER.
1t has boon stated that President spen-
GERS salary will be S25 900 por year. This
seems like great deal of money for one
man to draw for a years work, but all
things considered, perhaps it is not too
much. It Is recalled that Robert Garrett
and his father each refused to draw mora
than 81 600 per year as President, but
their personal incomes were yery great
besides.
Mr.. Spencer was born at Columbus. Ga.
on March 2, 1917, but his family has long
been settled in Maryland. At tho aga al
IL he entered the Georgia Military Insti.
tute at Marietta, and during portion Of
the war he served as a private in an in.
dependent company OF rangers on ocout
and outpost duty before Vicksburg, Miss.
Alter the war he completed bis educ alton
at the Univereity Of Georgia, where ho
graduated in 1857, and then studied civil
engineering Tor two years atthe University
of Virginia. He then entered the Bal.i-
more d Ohio service as clerk, and work.
ed himself up until he became chief clork
to William Sharp, who was Master Of
Transportation. When Mr.. Sharp became
President of the Long leland Road he of.
tered Mr.. Spencer responsible position
at several times the salary the Baltimore
4 Ohio was paying him. He accepted aud
filled the position until called back BY tho
Baltimore & Ohio to fill one OF Its Vice
Presidencies, in July, 1881. BE was
promoted from the Third Vice President
to the Second in December, 1882, and was
made First Vice President In November.
1854. BE has been very valuable man.
and during Robert Garrett's administre.
tion. especially, his services were ex-
tenBive. 3, ......,.4y, &l,s !77,.
Peter Gruler, OF OIL City, is the cham.
pion snake hunter Of Pennsylvania, and
he makes good living at it. he captures
live rsttlera, copparheads and blacksnakca
with his naked hands and handles them
with impunity.
{-r A Woman's Discovery.
Another wonderful discovery has soea
made and that too by lady in this couu.
ty. Disease fastened its clutches upon
her and for seven years she withstood i,s